IFC, which has embarked on a major initiative in the housing finance sector in India for the first time, for the investment arm of World Bank, is looking at supporting mass housing and ‘truly affordable housing'. Dovetailed with this initiative will be efforts to keep the housing projects it supports in line with appropriate green building initiatives — environment-friendly, energy, water and other resources-efficient structures — that minimise the environmental impact of built-up space. It plans to work with multiple agencies, including the authorities, and with private sector players — though conditions apply. IFC will involve at various levels, including regulatory, skill upgrading and financing, as a part of this plan.

Read Full Story...